Latest news with #STMicroelectronicsNV
Business Insider
17-05-2025
- Business
- Business Insider
STMicroelectronics NV (0INB): New Buy Recommendation for This Technology Giant
Kepler Capital analyst Sebastien Sztabowicz maintained a Buy rating on STMicroelectronics NV (0INB – Research Report) on May 15 and set a price target of €28.00. The company's shares closed last Thursday at €23.17. Confident Investing Starts Here: Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter Sztabowicz covers the Technology sector, focusing on stocks such as Infineon Technologies AG, Adyen, and ams-OSRAM. According to TipRanks, Sztabowicz has an average return of -4.7% and a 42.52% success rate on recommended stocks. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for STMicroelectronics NV with a €24.51 average price target. Based on STMicroelectronics NV's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of €2.52 billion and a net profit of €56 million. In comparison, last year the company earned a revenue of €3.47 billion and had a net profit of €513 million
Business Times
29-04-2025
- Automotive
- Business Times
Ferrari unveils 400,000 euro hybrid supercars for collectors
[Maranello, Italy] Ferrari unveiled new special editions of its best-selling sports car, the 296, in a bid to extend the life of the model and cash in on an incremental boost in performance. The 296 Speciale coupé will start at 407,000 euros (S$607,180), with deliveries commencing in the first quarter of next year, Ferrari said on Tuesday (Apr 29). The Speciale A convertible, slated for the following quarter, will cost 462,000 euros. Both are big steps up from the 292,000 euro price tag on the base existing model, the 296 GTB. Ferrari makes a tidy business of selling limited-run versions of its supercars to collectors willing to pay premiums for exclusivity. In the case of the 296 specials, customers also will take delivery of cars that are lighter and quicker, with both boasting total output of 880 metric horsepower, 50 more than their equivalent base models. The specials are equipped with mid-rear-mounted V6 engines and electric motors that each eke out a little more power than the original 296 cars, which Ferrari continues to sell. The new models each weigh about 60kg reach top speeds of more than 330km per hour. The 296 has driven a shift in Ferrari's business under chief executive officer Benedetto Vigna, who joined the manufacturer from chipmaker STMicroelectronics NV in 2021. Hybrids led by the 296 GTS were 51% of the company's shipments in 2024, up from just 22% in Vigna's first full year in the job. The carmaker is also on track to unveil its first fully electric vehicle in October, Vigna said in an interview with Bloomberg Television's Francine Lacqua on Tuesday. Ferrari plans to raise prices for some of its cars in the US by as much as 10% due to President Donald Trump's new auto tariffs, the company said last month. The country is the company's biggest market, accounting for around a quarter of shipments. The carmaker produces all of its vehicles – almost 14,000 per year – in Maranello, Italy. BLOOMBERG
Business Insider
26-04-2025
- Business
- Business Insider
STMicroelectronics NV (0INB) Receives a Buy from Kepler Capital
In a report released on April 23, Sebastien Sztabowicz from Kepler Capital maintained a Buy rating on STMicroelectronics NV (0INB – Research Report), with a price target of €31.00. The company's shares closed last Thursday at €20.38. Stay Ahead of the Market: Discover outperforming stocks and invest smarter with Top Smart Score Stocks. Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener. Sztabowicz covers the Technology sector, focusing on stocks such as Infineon Technologies AG, Adyen, and ams-OSRAM. According to TipRanks, Sztabowicz has an average return of -7.0% and a 38.93% success rate on recommended stocks. In addition to Kepler Capital , STMicroelectronics NV also received a Buy from Deutsche Bank 's Nicolas Herms in a report issued yesterday. However, on April 24, Morgan Stanley maintained a Hold rating on STMicroelectronics NV (LSE: 0INB). 0INB market cap is currently €18.16B and has a P/E ratio of 18.74.
Yahoo
12-04-2025
- Business
- Yahoo
Why STMicroelectronics NV (STM) Surged On Friday?
We recently published a list of . In this article, we are going to take a look at where STMicroelectronics NV (NYSE:STM) stands against other Friday's top performing stocks. The stock market finished the trading week on a positive note, wiping out earlier losses on Friday, as investors weighed the escalating trade tensions between the US and China. Having been battered this week, Wall Street's major indices all finished in the green, led by the Nasdaq, up 2.06 percent, followed by the S&P 500 with 1.81 percent, and the Dow Jones with 1.56 percent. Ten companies, predominantly under the mining and biopharmaceutical sectors, mimicked gains on the back of fresh industry catalysts that boosted buying appetite. In this article, let us explore Friday's top performers and the reasons behind their gains. To come up with the list, we considered only the stocks with a $2 billion market capitalization and $5 million trading volume. A worker assembling the inner circuitry of a semiconductor product. STMicroelectronics grew its share prices by 8.03 percent on Friday to finish at $20.45 apiece as investors cheered news that French Industry Minister Marc Ferracci backed the company's chief executive officer amid allegations of insider trading. In a post on social media platform X, Ferracci offered his full support to STM CEO Jean-Marc Chery after accusations made by Italian Economy Minister Giancarlo Giorgetti that Chery sold shares in STM a day before reporting the company's negative results, adding that the CEO does not have the support of the Italian government. In a statement on Thursday, STM clarified that Chery's sales during the company's blackout period prior to the results were made by its stock plan administrator through an automatic procedure. Despite the claims, STM confirmed earlier this week that its planned investments at new facilities in Agrate and Catania were on track. The Agrate site is expected to double its production capacity by 2027. Overall, STM ranks 9th on our list of Friday's top performing stocks. While we acknowledge the potential of STM as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is as promising as STM but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Bloomberg
09-04-2025
- Business
- Bloomberg
Italy Withdraws Support for STMicro CEO Chery, Management Team
The Italian government is withdrawing its support for STMicroelectronics NV Chief Executive Officer Jean-Marc Chery and his management team, Finance Minister Giancarlo Giorgetti said. Tensions spiked between Rome and the French-Italian chipmaking venture after it rejected Italy's nomination of Marcello Sala to its supervisory board, a decision Giorgetti called 'incomprehensible, very serious and unacceptable.'
